Question 1

Scenario
An across-the-board reduction by the United States in the corporate tax rate.

Accepted Answer

Legal.This is not a subsidy as

Question 2

The president's options for import relief under the 1988 Omnibus Act include all of the following except:

Accepted Answer

A)  Resale price maintenance. 
B)  Orderly marketing agreements. 
C)  Tariff increases. 
D)  Absolute quotas. 
A)  Resale price maintenance. 
B)  Orderly marketing agreements. 
C)  Tariff increases. 
D)  Absolute quotas.

Question 3

Under U.S.law,a petition for import relief may be filed with the International Trade Commission by any firm,trade association,union,or group of workers.

Accepted Answer

A) True 
 B)False

Question 4

Draft a statue defining a domestic industry.Draft statutes from the perspective of Westernized,developed nations and from developing nations.

Accepted Answer

From the perspective of Westernized, dev

Question 5

Consider the relative merits of including debt expenses in the calculation of the fair market value of an imported product.Consider this both in terms of the business exporting the good and the business importing the good.

Accepted Answer

Including debt expenses in the calculati

Question 6

To be eligible for adjustment assistance due to import competition,the Secretary of Labor must certify all of the following except:

Accepted Answer

A)  Significant number of workers lost jobs. 
B)  Sales/production of the firm has decreased. 
C)  Increases in imports of articles like or directly competitive with those made by petitioner contributed importantly to the loss of jobs. 
D)  The workers/jobs lost because of the increase in imports cannot be relocated to other industries. 
A)  Significant number of workers lost jobs. 
B)  Sales/production of the firm has decreased. 
C)  Increases in imports of articles like or directly competitive with those made by petitioner contributed importantly to the loss of jobs. 
D)  The workers/jobs lost because of the increase in imports cannot be relocated to other industries.

Question 7

Antidumping and countervailing duty cases may be appealed to the U.S.Court of International Trade in all of the following situations except:

Accepted Answer

A)  A decision by the International Trade Association not to conduct an investigation. 
B)  From a decision by the ITA to conduct an investigation. 
C)  From a final decision by the International Trade Association (IT
A) . 
D)  From a decision by the ITA to suspend an investigation. 
A)  A decision by the International Trade Association not to conduct an investigation. 
B)  From a decision by the ITA to conduct an investigation. 
C)  From a final decision by the International Trade Association (IT
A) . 
D)  From a decision by the ITA to suspend an investigation.

Question 8

The president can provide import relief in the form of temporary tariff increases or quotas without having to consult any other organization.

Accepted Answer

A) True 
 B)False

Question 9

An upstream subsidy is granted by a government to a company that is based in another country,but has substantial business operations in the home country.

Accepted Answer

A) True 
 B)False

Question 10

Global quotas are quantitative import restrictions on a particular product regardless of its country of origin.

Accepted Answer

A) True 
 B)False

Question 11

Governments frequently impose regulatory methods to control imports into their markets.

Accepted Answer

A) True 
 B)False

Question 12

Subsidies in non-market economy countries are difficult to determine because:

Accepted Answer

A)  Their countries are secretive and do not allow economic information to escape. 
B)  Foreign trade is limited and there are no comparative situations. 
C)  These countries have few subsidies and the ones they have are very small. 
D)  Foreign trade decisions are made by the state trading organization and exports benefit from many economic advantages designed to meet an overall plan. 
A)  Their countries are secretive and do not allow economic information to escape. 
B)  Foreign trade is limited and there are no comparative situations. 
C)  These countries have few subsidies and the ones they have are very small. 
D)  Foreign trade decisions are made by the state trading organization and exports benefit from many economic advantages designed to meet an overall plan.

Question 13

In the Pesquera Mares Australes v.United States case,the court found that the Chilean salmon exporter had not violated U.S.antidumping laws.

Accepted Answer

A) True 
 B)False

Question 14

U.S. countervailing duty statutes:
I. Countervail all export subsidies.
II. Countervail all domestic subsidies.

Accepted Answer

A)  I only. 
B)  II only. 
C)  Both I and II. 
D)  Neither I nor II. 
A)  I only. 
B)  II only. 
C)  Both I and II. 
D)  Neither I nor II.

Question 15

Available forms of import relief include:

Accepted Answer

A)  Absolute quotas. 
B)  Auctioned quotas. 
C)  Tariff increases (up to 50 percent). 
D)  Negotiated agreements. 
E)  All of the above. 
A)  Absolute quotas. 
B)  Auctioned quotas. 
C)  Tariff increases (up to 50 percent). 
D)  Negotiated agreements. 
E)  All of the above.

Question 16

The 1988 Omnibus Act establishes a preference for computing foreign market value in non-market economy countries on the basis of the best information on the costs of production of the same articles had they been manufactured in a market economy.

Accepted Answer

A) True 
 B)False

Scenario An across-the-board reduction by the United States in the corporate tax rate.

The president's options for import relief under the 1988 Omnibus Act include all of the following except:

Under U.S.law,a petition for import relief may be filed with the International Trade Commission by any firm,trade association,union,or group of workers.

Draft a statue defining a domestic industry.Draft statutes from the perspective of Westernized,developed nations and from developing nations.

Consider the relative merits of including debt expenses in the calculation of the fair market value of an imported product.Consider this both in terms of the business exporting the good and the business importing the good.

To be eligible for adjustment assistance due to import competition,the Secretary of Labor must certify all of the following except:

Antidumping and countervailing duty cases may be appealed to the U.S.Court of International Trade in all of the following situations except:

The president can provide import relief in the form of temporary tariff increases or quotas without having to consult any other organization.

An upstream subsidy is granted by a government to a company that is based in another country,but has substantial business operations in the home country.

Global quotas are quantitative import restrictions on a particular product regardless of its country of origin.

Governments frequently impose regulatory methods to control imports into their markets.

Subsidies in non-market economy countries are difficult to determine because:

In the Pesquera Mares Australes v.United States case,the court found that the Chilean salmon exporter had not violated U.S.antidumping laws.

U.S. countervailing duty statutes: I. Countervail all export subsidies. II. Countervail all domestic subsidies.

Available forms of import relief include:

The 1988 Omnibus Act establishes a preference for computing foreign market value in non-market economy countries on the basis of the best information on the costs of production of the same articles had they been manufactured in a market economy.

Introduction to International Business

International Law and the Worlds Legal Systems

Resolving International Commercial Disputes

Sales Contracts and Excuses for Nonperformance

The Documentary Sale and Terms of Trade

The Carriage of Goods and the Liability of Air and Sea Carriers

Bank Collections, Trade Finance, and Letters of Credit

National Lawmaking Powers and the Regulation of Ustrade

Gatt Law and the World Trade Organization: Basic Principles

Laws Governing Access to Foreign Markets

Imports, Customs, and Tariff Law

The Regulation of Exports

North American Free Trade Law

The European Union and Other Regional Trade Areas

International Marketing Law: Sales Representatives, Advertising, and Ethical Issues

Licensing Agreements and the Protection of Intellectual Property Rights

Takings and National Controls on Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters

Exam 11: Regulating Import Competition and Unfair Trade

Scenario An across-the-board reduction by the United States in the corporate tax rate.

The president's options for import relief under the 1988 Omnibus Act include all of the following except:

Under U.S.law,a petition for import relief may be filed with the International Trade Commission by any firm,trade association,union,or group of workers.

Draft a statue defining a domestic industry.Draft statutes from the perspective of Westernized,developed nations and from developing nations.

Consider the relative merits of including debt expenses in the calculation of the fair market value of an imported product.Consider this both in terms of the business exporting the good and the business importing the good.

To be eligible for adjustment assistance due to import competition,the Secretary of Labor must certify all of the following except:

Antidumping and countervailing duty cases may be appealed to the U.S.Court of International Trade in all of the following situations except:

The president can provide import relief in the form of temporary tariff increases or quotas without having to consult any other organization.

An upstream subsidy is granted by a government to a company that is based in another country,but has substantial business operations in the home country.

Global quotas are quantitative import restrictions on a particular product regardless of its country of origin.

Governments frequently impose regulatory methods to control imports into their markets.

Subsidies in non-market economy countries are difficult to determine because:

In the Pesquera Mares Australes v.United States case,the court found that the Chilean salmon exporter had not violated U.S.antidumping laws.

U.S. countervailing duty statutes: I. Countervail all export subsidies. II. Countervail all domestic subsidies.

Available forms of import relief include:

The 1988 Omnibus Act establishes a preference for computing foreign market value in non-market economy countries on the basis of the best information on the costs of production of the same articles had they been manufactured in a market economy.

Introduction to International Business

International Law and the Worlds Legal Systems

Resolving International Commercial Disputes

Sales Contracts and Excuses for Nonperformance

The Documentary Sale and Terms of Trade

The Carriage of Goods and the Liability of Air and Sea Carriers

Bank Collections, Trade Finance, and Letters of Credit

National Lawmaking Powers and the Regulation of Ustrade

Gatt Law and the World Trade Organization: Basic Principles

Laws Governing Access to Foreign Markets

Imports, Customs, and Tariff Law

The Regulation of Exports

North American Free Trade Law

The European Union and Other Regional Trade Areas

International Marketing Law: Sales Representatives, Advertising, and Ethical Issues

Licensing Agreements and the Protection of Intellectual Property Rights

Takings and National Controls on Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters